Ally Financial Inc.
Ally Financial wants to be your friend in the financing business. Ally Financial Inc. (formerly GMAC) opted for its friendlier-sounding name in 2010 after it converted to a bank holding company. In addition to owning Ally Bank, it provides auto financing for General Motors (GM) and Chrysler dealerships and their customers around the world. Its Residential Capital (ResCap) subsidiary issues residential mortgages in the US and Canada. Ally Financial also provides financing services for large- and mid-market companies around the world through Ally Commercial Finance (formerly GMAC Commercial Finance). Although GM owns a stake in Ally, the lender was not included in GM's 2009 Chapter 11 bankruptcy reorganization.
Contact Details
Office Address
Ally Financial Inc.
200 Renaissance Center, P.O. Box 200
Detroit, MI, USA 48265-2000
Fax: (815) 282-6156
Executives
Chairman
Franklin W. (Fritz) Hobbs
CEO and Director
Michael A. (Mike) Carpenter